Video with Sumit Joshi, RyRo Loan Centre
First home buyer? Questions to ask first
- 0:24
- Posted 12 May 2025
- Read the transcript
What this video covers
The questions a first home buyer should answer before they apply: do you qualify for the government scheme, which lender suits your situation and how much savings you need.
Related: 5% Deposit Scheme
Transcript
What Sumit says
0:00Hi, Sumit Joshi from RyRo Loan Centre. Are you a first home buyer? Are you struggling to find the right information for your situation? Do you know if you want to qualify under the government's first home buyer scheme? Do you want to know which is the best lender under your situation? Do you know how much savings do you need? Do you know which is the best interest rate under your situation? Give me a call. I'll give you the answer.
Transcribed from the video and lightly corrected. General information only, not advice for your situation. See our disclaimer.
More videos
Sumit · 1:35What banks look at before they lend
The three things a bank looks at before it lends on your first home: your total income (including overtime and bonuses), the debts you already have, and the savings you have for the deposit and stamp duty.
Sumit · 1:07Buying a home in NSW, step by step
The six steps from finding a home to settlement in NSW: the initial deposit, the contract, the five day cooling off period, the 10% deposit and settlement, usually about 42 days after the contract is signed.
Sumit · 0:47Four tips for the best chance of approval
Four tips for the best chance of approval on your first home loan: steady income, the biggest deposit you can manage (less lenders mortgage insurance), a clean credit file and fewer other debts.
Talk to a broker
Every situation is different. Talk yours through.
We generally respond within an hour. Prefer to pick a time? Book your strategy call online or contact us.
Sumit Joshi JP
Principal broker, Credit Rep 446824
- A broker reads your details and calls you back
- No obligation and no credit check
- Free for home loans: the lender pays us
- From 360+ Google reviews
- 5.0
- Clients helped
- 2,500+
- Broker fees on home loans
- $0
“Sumit is an outstanding mortgage broker. He patiently worked through our application and got us an awesome result when many other brokers wouldn't assist as we are small business owners. Thank you!”
Sumit Joshi JP, Credit Rep 446824. AFG Award Winner 2013 to 2019 and AFG Excellence Awards finalist 2022 to 2026.